Course

Credit Type:

Course

ACE ID:

CUNA-0015

Version:

Organization's ID:

1500

Organization:

Location:

Classroom-based

Length:

15 self-paced lessons

ACE Credit Recommendation Period:

Credit Recommendation & Competencies

Level	Credits (SH)	Subject
Lower-Division Baccalaureate	2	Macroeconomics
Lower-Division Baccalaureate	1	Money and Banking or Financial Institutions
Lower-Division Baccalaureate	3	Economic Principles

Description

Objective:

To help students analyze economic activity and understand the structure of financial institutions.

Define basic economic terms and concepts (i.e., macroeconomics, microeconomics, scarcity, supply and demand, diminishing returns, comparative advantage, equilibrium, etc.) and their applications
Use the production-possibilities curve
Identify the characteristics and functions of commercial banks and non-bank financial institutions and how they are chartered and regulated
Explain the differences between demand and quantity demanded and supply and quantity supplied, diagramming those on appropriate curves, and list the factors of price elasticity of demand and supply
List and explain the provisions of major financial legislation
Describe the conditions leading to various financial difficulties the legislation remedied
Describe the relationship between real GNP and employment, defining 'full employment' and the different kinds of unemployment

Instruction & Assessment

Supplemental Materials

Equivalencies